Caliber Mining & Logistics announces Rs 450-crore IPO, opens July 17

Caliber Mining and Logistics is launching a Rs 450-crore IPO opening on July 17, comprising a fresh issue of Rs 400 crore and an offer for sale of Rs 50 crore by promoters. The company plans to use around Rs 175 crore for debt repayment and about Rs 200 crore for purchasing machinery, with the rest for general corporate purposes. Incorporated in 2014, the firm is an integrated mining services company focused on coal extraction and logistics, primarily serving subsidiaries of Coal India including Western Coalfields and Northern Coalfields.